DAILY SEP'19 DAX - Tuesday's trade idea and technicals
Sep'19 Contract – This week’s call to sell the rally at 12416.6 was close to yesterday’s high and a near 150 Pt sell-off from the top has already been taken advantage of. However, sentiment has recovered from the lows and the fact that a sequence of lower daily highs has been ended is mildly positive for sentiment. For this reason, but with caution, the outlook for Tuesday is temporarily bullish and the call is to buy on the open and then at 12358.0, Monday’s Marabuzo line with a stop loss at 12282.0, yesterday’s low. Targets are to 12425,9/26.5, the 3 day highs, 12464.0, Wednesday’s top and 12492.0, the 9th July high trade.
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